Sat, Jul 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Midway Market Neutral Fund beats June selloff with 0.35% gains

Monday, July 22, 2013

Precy Dumlao, Opalesque Asia:

The Midway Market Neutral Fund, managed by New York based fixed income hedge fund manager The Midway Group beat the market selloff in June and posted a minimal +0.35%, net of fees and expenses. However, the fund’s year-to-date performance was pegged at -3.32%, compared to -2.44% for the Barclays Aggregate, 13.82% for the S&P 500 (Total Return) and 3.55% for the HFR Hedge Fund Index.

John K. E. Morris, Midway Group Managing Director, commented, "Recent price volatility notwithstanding, we remain constructive on the opportunity looking forward.

The fund closed last year up 26.69% (est.). Launched in May 2001, it has annualized 21.5% since then. It can be found in Opalesque’s A Square database. The Midway Group, which manages $468m in AuM, gathers fixed income managers that provide investment strategies in hedged mortgage securities and focuses exclusively on the U.S. residential mortgage market.

He continued, "During the month we managed through a continued moonshot to higher rates. We saw an unprecedented 100bps move in rates over a 60 day period. Much of the backup, which started in early May (after a severe reversal) accelerated in response to Bernanke’s statements on the Fed’s plans to 'taper’ its extraordinary monetary stimulus. A lot has been written subsequently about the market’s p......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New